The story of this market
The typical home in ZIP 08055 sells for about $621,000, or $258 per square foot.
Prices are down 10.1% from a year ago, which gives buyers more room to negotiate. Homes take about 36 days to sell. HUD's fair market rent for a two-bedroom is $1,629 a month.
ZIP 08055 — Medford
The housing market in ZIP 08055 is currently characterized by a resilient, high-demand environment with low inventory. While price appreciation has moderated compared to previous peaks, the area remains highly competitive for family buyers. The market is currently finding a new equilibrium following recent interest rate cycles.
Best suited for family buyers seeking high-rated schools and a suburban/lake-life aesthetic, and for commuters who prioritize space and community over walkability to work.
Median prices moved down 10.1% year over year.
Homes spend a median of 36 days on market with 0.0 months of supply — a fast-moving market.
25% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 3.1% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 08055, Burlington County NJ
The area is generally regarded as safe with a low crime rate, consistent with its character as a family-oriented suburban and lake-community region.
Schools are highly regarded, frequently scoring well in state rankings with districts like the Lenape Regional High School District maintaining a strong academic reputation.
The area is situated within the Pinelands region, necessitating awareness of wildfire management protocols, while localized lake-country geography requires standard flood-risk diligence.
Development is currently focused on maintaining the community's semi-rural Pinelands character rather than major commercial densification, with infrastructure primarily supporting residential maintenance.
Property taxes are levied by the municipality and Burlington County; New Jersey’s tax structure relies heavily on property values to fund public schools, resulting in higher-than-national-average rates.
Primarily a drive-commute profile toward employment hubs in Cherry Hill, Philadelphia, and Trenton via regional highway arteries.
Features a robust amenity base centered on the 22 lakes of Medford Lakes, historic Medford Village shopping, and extensive access to Pinelands hiking and trail systems.
Rental market depth is limited, consisting largely of single-family housing stock rather than large multi-family complexes, with increasing price pressure.
The local economy is largely bedroom-community based, with residents frequently commuting to professional, healthcare, and tech sectors in the Philadelphia MSA.
The area relies on regional highway arteries for access to major employment hubs in Cherry Hill, Philadelphia, and Trenton.
Current planning priorities emphasize the preservation of the Pinelands ecological zone and maintaining existing residential zoning.
Parcels may be subject to specific school district levies and municipal special assessments common to New Jersey’s fiscal structure.
Property insurance posture is standard for the region, though proximity to Pinelands forests may influence carrier-specific underwriting for wildfire risk.
Data retrieved from data.census.gov ZCTA 08055 tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Adventure Aquarium4.617.7 mi
- Diggerland USA4.46.6 mi
- The Funplex4.38.3 mi
- Topgolf Mount Laurel4.49 mi
- Franklin Square4.618.9 mi
- Lincoln Financial Field4.618.8 mi
- Citizens Bank Park4.718.8 mi
- Xfinity Mobile Arena4.519.1 mi
- Pennsylvania Convention Center Philadelphia4.519.5 mi
- The Met Philadelphia4.519.7 mi
- Diggerland USA4.46.6 mi
- The Funplex4.38.3 mi
- AMC Cherry Hill 243.712.3 mi
- Cinemark Somerdale 16 and XD4.610.9 mi
- Laurel Acres Park4.87.6 mi
- Liberty Bell4.618.7 mi
- Independence Hall4.718.7 mi
- Philadelphia's Magic Gardens4.619 mi
- Otherworld Philadelphia4.518.5 mi
- Elfreth's Alley Museum4.618.4 mi
- Laurel Acres Park4.87.6 mi
- Wharton State Forest4.712.4 mi
- Woodford Cedar Run Wildlife Refuge4.83.4 mi
- Historic Smithville Park4.89.3 mi
- Brendan T. Byrne State Forest4.512.9 mi
- Topgolf Mount Laurel4.49 mi
- Ramblewood Country Club4.37.6 mi
- Pine Valley Golf Club4.59.6 mi
- Rancocas Golf Club3.911.2 mi
- Trump National Golf Club Philadelphia411.3 mi
- Cherry Hill Mall4.412.4 mi
- Moorestown Mall4.29.6 mi
- Berlin Farmer's Market4.48 mi
- Johnson's Corner Farm4.64.3 mi
- Philadelphia International Airport3.822.7 mi
- Trenton-Mercer Airport3.928.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historic district featuring local dining and retail.
A series of 22 lakes known for cabin-style architecture and community recreation.
Extensive access to hiking and trail systems.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.